CalAmp Corp. (CAMP) Shares Bought by Swiss National Bank
Swiss National Bank boosted its position in shares of CalAmp Corp. (NASDAQ:CAMP) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,500 shares of the company’s stock after buying an additional 1,400 shares during the period. Swiss National Bank owned 0.16% of CalAmp Corp. worth $881,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quotient Investors LLC purchased a new position in CalAmp Corp. during the second quarter worth approximately $333,000. Fox Run Management L.L.C. purchased a new position in CalAmp Corp. during the second quarter worth approximately $347,000. Independent Portfolio Consultants Inc. boosted its position in CalAmp Corp. by 58.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 28,810 shares of the company’s stock worth $427,000 after buying an additional 10,650 shares during the last quarter. New Jersey Better Educational Savings Trust boosted its position in CalAmp Corp. by 20.0% in the second quarter. New Jersey Better Educational Savings Trust now owns 30,000 shares of the company’s stock worth $444,000 after buying an additional 5,000 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new position in CalAmp Corp. during the second quarter worth approximately $674,000. Institutional investors own 65.21% of the company’s stock.
CalAmp Corp. (NASDAQ:CAMP) traded up 1.048% during mid-day trading on Friday, hitting $13.985. The company’s stock had a trading volume of 361,063 shares. CalAmp Corp. has a 12-month low of $13.01 and a 12-month high of $21.35. The firm’s 50-day moving average is $15.06 and its 200-day moving average is $15.20. The company has a market cap of $508.10 million, a P/E ratio of 72.461 and a beta of 1.27.
CalAmp Corp. (NASDAQ:CAMP) last posted its earnings results on Thursday, September 29th. The company reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The company earned $90.50 million during the quarter. CalAmp Corp. had a return on equity of 21.17% and a net margin of 2.21%. The firm’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. Analysts predict that CalAmp Corp. will post $1.11 EPS for the current fiscal year.
A number of research firms have recently commented on CAMP. B. Riley restated a “buy” rating and issued a $22.00 target price on shares of CalAmp Corp. in a research note on Thursday. Aegis cut CalAmp Corp. from a “buy” rating to a “hold” rating in a research note on Monday. Canaccord Genuity restated a “buy” rating and issued a $25.00 target price on shares of CalAmp Corp. in a research note on Wednesday, June 29th. Zacks Investment Research cut CalAmp Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, First Analysis cut CalAmp Corp. from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $19.00 to $16.00 in a research note on Friday, September 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.56.
In other news, VP Richard K. Vitelle sold 15,000 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, the vice president now owns 304,409 shares in the company, valued at approximately $4,566,135. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.
CalAmp Corp. Company Profile
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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